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Re: None

Tuesday, 05/11/2004 1:16:31 AM

Tuesday, May 11, 2004 1:16:31 AM

Post# of 326
The interest in ENGY as determined by this board is phenominal!

I don't remember a more exciting board...lol.

Anyway, I think this company could be a winner if they cleaned up their trashed balance sheet. Of course one could say that is the case for any company but the difference is that ENGY has the potential to do so. They could:

1) Convert the notes to common stock and dillute the daylights out of current s/o, or

2) Re-fi with better terms and keep paying down debt.

The first is obviously a drag for current shareholders. I'll be watching!

Timing.